Tahoe Resources (NYSE:TAHO) Moves On JP Morgan Initiating Coverage of Shares

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How JP Morgan Currently Rates Tahoe Resources (NYSE:TAHO)

Research professionals at JP Morgan placed Overweight rating on Tahoe Resources (NYSE:TAHO). The firm have initiated coverage on TAHOin recent note revealed to clients and investors on Friday, 11 December.

Approximately 181,244 shares of stock traded hands. Tahoe Resources Inc (NYSE:TAHO) has declined 34.93% since May 8, 2015 and is downtrending. It has underperformed by 31.91% the S&P500.

Tahoe Resources Inc. is a mineral exploration, development and mine operating company. The company has a market cap of $2.04 billion. The Company’s principal business activity is to operate the Escobal mine, a mining operation in southeastern Guatemala. It has 44.25 P/E ratio. The Escobal deposit is an intermediate-sulfidation fault-related vein formed within Tertiary sedimentary and volcanic rocks within the Caribbean plate.

According to Zacks Investment Research, “Tahoe Resources Inc. is engaged in the exploration and development of mineral properties in the United States for the mining of precious metals. It principally holds interests in the Escobal project located in southeastern Guatemala. Tahoe Resources Inc. is headquartered in Reno, Nevada.” Get a free copy of the Zacks research report on Tahoe Resources Inc (TAHO).

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